NAHCo Posts N7.25B Turnover In Q3 Results
…Leverages On Service, Process Improvements
Still basking in the euphoria of an excellent half – year performance, the Nigerian Aviation Handling Company plc (NAHCo Aviance) has again posted impressive Q3 results.
Figures released to the Nigerian Stock Exchange (NSE), showed that the ground handling company recorded an impressive N7.25 billion turnover for the nine-month period which ended September 30, 2018.
This is an increase of 25 per cent over the same period in 2017.
This outstanding performance saw the company declare a Profit Before Tax(PBT) of N731.8 million, which represent a huge 107 per cent increase over the N336 million recorded during the same period last year.
Profit After Tax(PAT) stands at N601.3 million, which is 109.8 per cent higher than the N287.4million recorded over the same period last year.
Regarded as one of the best posted by the company in recent times, the performance is outcome of initiatives and actions undertaken by the company’s management led by the Managing Director/CEO, Mr. Idris Yakubu, who assumed office in November last year.
Yakubu had started the implementation of a series of short and medium term process reviews and service improvement initiatives that has led to enhanced service delivery and improved customer satisfaction by the company’s growing clients.
Commenting on the impressive results posted by the company, the Managing Director/CEO said, “We are extremely delighted with the recent results. It shows that the various initiatives that we are implementing to delight our customers are indeed working. A lot of credit for this performance, no doubt, goes to the Board of the company who have supported and trusted our leadership, our staff who are diligent and have become more responsive, our loyal clients who trusted us to handle all their business, and indeed, other stakeholders of the company.”
While expressing his optimism that the NAHCo is looking forward to a solid end of year, Yakubu said that all indices point to a strong showing and the kind of performance that the company has not seen in recent years.
Generally acclaimed as the foremost ground handling company in the West Africa sub-region, the NAHCo PLC is a Nigerian diversified enterprise with interests in aviation cargo, aircraft handling, passenger facilitation, crew transportation and aviation training.
The company currently serves more than 35 airlines at eleven airports across Nigeria, with plans to expand operations to other African countries.
It handles about 70 per cent of domestic and foreign airlines operating in Nigeria.
Noted for its strong commitment to staff welfare, NAHCo was adjudged as one of the Top 100 Best Places to work in Nigeria in 2018 by highly rated Jobberman.
The company with a total workforce of more than 2,000 grossed in 2017, N7.93 billion